AUDUSD into a possible short-term bullish consolidation

AUDUSD gained some positions during this week, as the pair is currently trading above the 200 SMA at H1 chart.

The next target in the upside is located around the 0.7862 level, which could be tested very soon and as long as the Aussie stays below that moving average mentioned above, we could expect a bullish consolidation and also, a rally towards the 0.7924 level.

MACD indicator is still at negative territory.

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